Hohimer Wealth Management LLC Lowers Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

Hohimer Wealth Management LLC trimmed its stake in PayPal Holdings, Inc. (NASDAQ:PYPL) by 0.3% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 63,561 shares of the credit services provider’s stock after selling 220 shares during the quarter. Hohimer Wealth Management LLC’s holdings in PayPal were worth $4,147,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of PYPL. Avalon Trust Co grew its stake in PayPal by 7.0% during the fourth quarter. Avalon Trust Co now owns 2,067 shares of the credit services provider’s stock worth $176,000 after buying an additional 135 shares during the period. Security National Bank of SO Dak grew its stake in PayPal by 1.1% during the fourth quarter. Security National Bank of SO Dak now owns 12,191 shares of the credit services provider’s stock worth $1,041,000 after buying an additional 137 shares during the period. Cohen & Steers Inc. grew its stake in PayPal by 5.1% during the fourth quarter. Cohen & Steers Inc. now owns 3,016 shares of the credit services provider’s stock worth $257,000 after buying an additional 145 shares during the period. Redwood Financial Network Corp grew its stake in PayPal by 4.8% during the fourth quarter. Redwood Financial Network Corp now owns 3,208 shares of the credit services provider’s stock worth $274,000 after buying an additional 147 shares during the period. Finally, DMC Group LLC grew its stake in PayPal by 2.0% during the first quarter. DMC Group LLC now owns 7,948 shares of the credit services provider’s stock worth $519,000 after buying an additional 155 shares during the period. 68.32% of the stock is currently owned by hedge funds and other institutional investors.

PayPal Stock Performance

Shares of PYPL opened at $71.36 on Monday. The firm’s 50 day moving average is $72.31 and its 200-day moving average is $73.55. The stock has a market capitalization of $69.40 billion, a P/E ratio of 15.96, a P/E/G ratio of 1.17 and a beta of 1.45. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.30 and a quick ratio of 1.30. PayPal Holdings, Inc. has a 12-month low of $55.85 and a 12-month high of $93.66.

PayPal (NASDAQ:PYPL) last released its earnings results on Tuesday, April 29th. The credit services provider reported $1.33 earnings per share for the quarter, topping the consensus estimate of $1.16 by $0.17. The business had revenue of $7.79 billion for the quarter, compared to the consensus estimate of $7.84 billion. PayPal had a net margin of 14.26% and a return on equity of 24.59%. The firm’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same period last year, the firm posted $1.08 earnings per share. Equities research analysts anticipate that PayPal Holdings, Inc. will post 5.03 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Macquarie decreased their price objective on shares of PayPal from $117.00 to $95.00 and set an “outperform” rating for the company in a research note on Tuesday, April 29th. Robert W. Baird upped their target price on shares of PayPal from $78.00 to $79.00 and gave the company an “outperform” rating in a research note on Wednesday, April 30th. Wells Fargo & Company decreased their target price on shares of PayPal from $80.00 to $74.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 16th. Bank of America decreased their target price on shares of PayPal from $103.00 to $93.00 and set a “buy” rating for the company in a research note on Monday, April 14th. Finally, Monness Crespi & Hardt decreased their target price on shares of PayPal from $120.00 to $90.00 and set a “buy” rating for the company in a research note on Tuesday, April 8th. Three research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, PayPal has an average rating of “Hold” and a consensus target price of $83.42.

Insider Buying and Selling

In related news, insider Suzan Kereere sold 4,162 shares of the firm’s stock in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of $73.24, for a total transaction of $304,824.88. Following the completion of the sale, the insider directly owned 48,483 shares in the company, valued at approximately $3,550,894.92. This trade represents a 7.91% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Deborah M. Messemer sold 3,795 shares of the firm’s stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $73.00, for a total transaction of $277,035.00. Following the sale, the director owned 13,976 shares of the company’s stock, valued at approximately $1,020,248. This represents a 21.36% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 11,796 shares of company stock worth $863,028. 0.08% of the stock is owned by company insiders.

PayPal Profile

PayPal Holdings, Inc operates a technology platform that enables digital payments on behalf of merchants and consumers worldwide. It operates a two-sided network at scale that connects merchants and consumers that enables its customers to connect, transact, and send and receive payments through online and in person, as well as transfer and withdraw funds using various funding sources, such as bank accounts, PayPal or Venmo account balance, PayPal and Venmo branded credit products comprising its installment products, credit and debit cards, and cryptocurrencies, as well as other stored value products, including gift cards and eligible rewards.